In this report, Argaam monitors the movement of Tadawul-listed stock prices during the auction period that follows the regular trading time. The Auction period lasts 10 minutes between 3 pm and 3:10 pm.
The table below compares the performance of Tadawul All Share Index (TASI):
TASI Performance During March 6 Auction |
|||
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
TASI (Points) |
8,533 |
8,534 |
+1 |
Value Traded (SAR mln) |
2,109 |
2,125 |
+16 |
Volume Traded (mln shares) |
98.3 |
99.0 |
+0.7 |
Number of transactions |
85,033 |
87,881 |
+2,848 |
The Index rose by around 1 point during the auction period, with a value traded of SAR 16 million in 2848 transactions, narrowing the index losses to 27 points. The volume traded represented 0.8 percent of total day’s activity.
Below is a track of individual stock movements post trading hours:
Decliners (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Bonyan REIT |
9.20 |
8.51 |
(7.50%) |
Savola |
32.70 |
32.45 |
(0.76%) |
SIIG |
24.70 |
24.60 |
(0.40%) |
Swicorp Wabel REIT |
8.64 |
8.61 |
(0.35%) |
Dur |
20.60 |
20.54 |
(0.29%) |
NCB |
52.80 |
52.70 |
(0.19%) |
Nama |
26.85 |
26.80 |
(0.19%) |
Advanced |
55.00 |
54.90 |
(0.18%) |
Umm Al Qura |
11.90 |
11.88 |
(0.17%) |
Saudi Kayan |
13.96 |
13.94 |
(0.14%) |
The following stocks gained during the auction period:
Gainers (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Care |
47.20 |
47.70 |
+1.06% |
BATIC |
38.40 |
38.70 |
+0.78% |
Qassim Cement |
38.55 |
38.80 |
+0.65% |
SACO |
68.40 |
68.70 |
+0.44% |
Wataniya |
23.58 |
23.68 |
+0.42% |
SAICO |
11.18 |
11.22 |
+0.36% |
National Learning |
23.48 |
23.56 |
+0.34% |
Tawuniya |
59.20 |
59.40 |
+0.34% |
Anaam Holding |
12.40 |
12.44 |
+0.32% |
Zain |
9.66 |
9.69 |
+0.31% |
During the 10-minute auction period, investors can place buy and sell orders based on which the system calculates a fair price per stock, and this fair price serves as a reference price for the following trading day.
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